Spotify Technology's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on Spotify Technology (NYSE:SPOT) through options trading, with 50% of trades being bearish. The stock is currently trading at $374.34, down by 0.97%. Analysts have mixed ratings, with target prices ranging from $340 to $510.
October 11, 2024 | 5:03 pm
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Spotify Technology is experiencing a bearish sentiment in options trading, with 50% of trades being bearish. The stock is currently down by 0.97% at $374.34. Analysts have mixed ratings, with target prices ranging from $340 to $510.
The article highlights a significant bearish sentiment among high-rolling investors in Spotify's options market, with 50% of trades being bearish. This suggests a potential short-term downward pressure on the stock price. Additionally, the stock is currently trading lower, and analysts have mixed ratings, which could contribute to investor uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100